v3.26.3
Condensed Consolidated Statements of Equity (Deficit) - USD ($)
shares in Millions, $ in Millions
Total
Class A
Class B
Share Capital/Common stock
Class A
Share Capital/Common stock
Class B
Additional Paid-in Capital
Retained Deficit
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ (866)              
Increase (Decrease) in Partners' Capital [Roll Forward]                
Members’ distributions, net (18)              
Net income (loss) (4)              
Ending balance at Jan. 15, 2025 (888)              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (4)              
Net loss subsequent to the Reorganization Transactions (4)              
Net income (loss) 105              
Ending balance at Sep. 28, 2025 5,948              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 105              
Net loss subsequent to the Reorganization Transactions 105              
Beginning balance at Jan. 16, 2025 6,317              
Increase (Decrease) in Partners' Capital [Roll Forward]                
Members’ distributions, net (30)              
Net income (loss) 14              
Ending balance at Mar. 30, 2025 6,301              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 14              
Members’ distributions, net (104)              
Net income (loss) 59              
Ending balance at Jun. 29, 2025 6,256              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 59              
Equity-based compensation 7              
Members’ distributions, net (347)              
Net income (loss) 32              
Ending balance at Sep. 28, 2025 5,948              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 32              
Beginning Balance, Total Equity at Dec. 28, 2025 5,903              
Beginning balance at Dec. 28, 2025 5,903              
Increase (Decrease) in Partners' Capital [Roll Forward]                
Equity-based compensation 3              
Members’ distributions, net (37)              
Net income (loss) (24)              
Ending balance at Mar. 29, 2026 5,845              
Ending Balance, Total Equity at Mar. 29, 2026 5,845              
Beginning balance (in shares) at Dec. 28, 2025   0 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (24)              
Beginning Balance, Total Equity at Dec. 28, 2025 5,903              
Beginning balance at Dec. 28, 2025 5,903              
Beginning balance (in shares) at Dec. 28, 2025   0 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net loss subsequent to the Reorganization Transactions 23              
Ending balance (in shares) at Sep. 27, 2026   233 84 233 84      
Ending balance at Sep. 27, 2026 4,870     $ 0 $ 0 $ 3,309 $ (11) $ 1,572
Beginning Balance, Total Equity at Mar. 29, 2026 5,845              
Beginning balance at Mar. 29, 2026 5,845              
Increase (Decrease) in Partners' Capital [Roll Forward]                
Equity-based compensation 3              
Members’ distributions, net (41)              
Net income (loss) 37              
Ending balance at Jun. 28, 2026 5,844              
Ending Balance, Total Equity at Jun. 28, 2026 5,844              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 37              
Net loss subsequent to the Reorganization Transactions 10              
Ending balance (in shares) at Sep. 27, 2026   233 84 233 84      
Ending balance at Sep. 27, 2026 $ 4,870     $ 0 $ 0 $ 3,309 $ (11) $ 1,572